Incorporated in 2016, the Sagarmala Development Company Ltd (SDCL), which is under the administrative control of the Ministry of Shipping, focuses on providing equity investments for projects across road, rail, logistics and port infrastructure as part of the Sagarmala programme
In seeking sanction for projects under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) State governments have failed to follow the guidelines for filing detailed project reports (DPRs) and a whip has been cracked on the State governments by the Union Ministry of Urban Development for the lapse.
India's Rs 72,000-crore rapid rail connectivity project is set to enter the next stage as the Union government and the State governments concerned likely to reach an agreement on cost-sharing of the project. The rapid rail project is to connect Delhi to Panipat (Haryana), Alwar (Rajasthan) and Meerut (Uttar Pradesh).
State governments in the country would be asked by the Centre to implement a law and set aside a part of their budgets to ensure wide, unbroken and obstacle-free pavements like in Kolkata. The Union Urban Development Ministry is drafting a circular that will soon be sent to all the states, asking them to fix a certain percentage of road space for pedestrians’ pathways.
For affordable home projects, state governments should look at introducing a single-window clearance system , Deepak Parekh, Chairman, Housing Development Finance Corporation (HDFC), has said. The single greatest benefit of having a single-window clearance is that it will reduce housing prices because the time taken for approval is 18 months. That will come down, Parekh said at an international conference on housing in Delhi on April 11.